Thursday, February 23, 2006

Stamps on Consignment

USPS has announced that Walgreens has returned as a consignee in the national stamps on consignment program.

According to the USPS, "With more than 5,000 locations, customers will have plenty of opportunities to purchase postage while doing their regular shopping. "

Projected revenue for the first year is $35 million. Having Walgreens as a partner increases USPS consignment alternate access locations by 12% — a big step toward making the USPS Transformation Plan 2006-2010 goal of alternate access channels contributing 40% of their total retail revenue.

Approximately five percent of the Postal Service's total retail revenue is generated from the stamps on consignment program, which makes First-Class Mail stamp booklets available in commercial venues such as ATMs and supermarkets.

The program benefits retailers by generating customer traffic while allowing customers to combine common tasks in one trip. Future plans include expansion of this convenient service to other retailers who have not formerly considered making stamps available to their customers.